Lorenzo’s Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12'' and 16'' frozen pizzas for September:   Units   12" Pizza 16" Pizza Budgeted production volume 12,600   24,700   Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows:   12" Pizza 16" Pizza Direct materials:   Dough 0.80 lb. per unit 1.50 lb. per unit   Tomato 0.50   0.70     Cheese 0.70   1.30   In addition, Lorenzo’s has determined the following information about each material:   Dough Tomato Cheese Estimated inventory, September 1 610 lb. 230 lb. 280 lb. Desired inventory, September 30 640 lb. 220 lb. 310 lb. Price per pound $1.40   $2.10   $3.30   Prepare September's direct materials purchases budget for Lorenzo’s Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo’s Frozen Pizza Inc.Direct Materials Purchases BudgetFor the Month Ending September 30   Dough Tomato Cheese Total Units required for production:         12" pizza fill in the blank 1 fill in the blank 2 fill in the blank 3   16" pizza fill in the blank 4 fill in the blank 5 fill in the blank 6     - Select - - Select - - Select -   Total pounds required fill in the blank 11 fill in the blank 12 fill in the blank 13     - Select - - Select - - Select -   Total pounds to be purchased fill in the blank 18 fill in the blank 19 fill in the blank 20   Unit price (per pound) x $fill in the blank 21 x $fill in the blank 22 x $fill in the blank 23   Total direct materials to be purchased $fill in the blank 24 $fill in the blank 25 $fill in the blank 26 $fill in the

Orchid Corporation produces pre-packed meal boxes with three pre-made dishes and one soup per meal box. The pre-made dishes and the soup in each meal box are decided and designed by Orchid Corporation and the meal boxes are ordered through Orchid Corporation’s website. The company’s operating budget for March 2021 included these data:   Number of meal boxes     15,000 Selling price per box $         20 Variable cost per box $           8 Fixed costs for the month $145,000   The actual results for March 2021 were as follows:   Number of checkbooks produced and sold     12,000 Average selling price per box $         21 Variable cost per box $           7 Fixed costs for the month $150,000   The executive vice president of the company observed that the operating income for March was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. As the company’s management…

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Two grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $1.60 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Budgeted production, in bottles First 76,000 Year 2 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Second Third Fourth 106,000 166,000 116,000 The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 30,400 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed Mink Caress Direct Materials Budget - Year 2 Second First Quarter Year 3 First 86,000 Third…

Apple manufacturing company produces a single standard product. The standard overhead cost budgets are K 100,000 for this month is 20,000 direct labour hours based on the production budget. The standard cost card for the product is as follows: Materials Direct Labour Factory overhead K 100.00 5 pieces @ K 10.00 = K 50.00 5 hours @ K 5.00 = K 25.00 5 hour @ K 5.00 = K 25.00 The following transactions occurred during the month of March 2007. (a) Direct materials purchased 3,000 pieces @ K 9.00. (b) Direct maerials requisition 1,900 pieces. (c) Actual direct labour costs 2,100 hours @ K 5.25 (d) Production completed during March 420 units. Required: Calculate the materials and labour variances.

possible Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, All estimated the following standard costs for one of their major products, the 10- gallon plastic container. Budgeted quantity. 0.1 pounds Budgeted price $100 per pound $20 per hour Direct materials Direct labor 0.1 hours During June, Heavy Products produced and sold 20,000 containers using 2,500 pounds of direct materials at an average cost per pound of $106 and 2,000 direct manufacturing labor - hours at an average wage of $101.00 per hour. The direct manufacturing labor efficiency variance during June is A. $162,000 favorable O B. $1,620,000 unfavorable OC. $0 M OD. $20,200 unfavorable http He In20 gallo Missim https:// Heav In 2017, 10minus 1 answer Missing: 0

Salty Sensations Snacks Company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has budgeted the following costs for the upcoming period:   1 Factory depreciation $29,168.00 2 Indirect labor 72,920.00 3 Factory electricity 7,292.00 4 Indirect materials 26,220.00 5 Selling expenses 27,000.00 6 Administrative expenses 19,700.00 7 Total costs $182,300.00       Factory overhead is allocated to the three products on the basis of processing hours. The products had the following production budget and processing hours per case:   Budgeted Volume (Cases) Processing Hours per Case Tortilla chips 3,900 0.18 Potato chips 5,100 0.12 Pretzels 2,200 0.43 Total 11,200     a. Determine the single plantwide factory overhead rate. If required, round your answer to the nearest cent.    per processing hour _________     b. Use the factory overhead rate in (a) to determine…

Four grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $2.10 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3: Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production First 98,000 Total units of raw materials needed Year 2 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Second 128,000 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Budgeted production, in bottles The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 78,400 grams of musk oil will be on hand to start the first quarter of Year 2. Third 188,000 Mink Caress Direct Materials Budget - Year 2 First Fourth 138,000 Second Quarter Year 3 First 108,000 Third…